FIG TREE COTTAGE, HIGH STREET, CRANBROOK, TN17 3EN - £388,500

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

FIG TREE COTTAGE is a small extended detached house of 97m², built sometime before 1900. It was last sold for £388,500 in February 2021, which was around 50% below the average February 2021 detached price in the Tunbridge Wells local authority area. The most recent EPC inspection was August 2020, where the current energy rating was E, and the potential energy rating was C.

FIG TREE COTTAGE Sold Prices

Land registry data shows three sales for FIG TREE COTTAGE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Tunbridge Wells local authority area for the corresponding sale date. All of the three FIG TREE COTTAGE sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2021 26 FEB	£388,500	£776,224	50% below HPI
2004 9 SEP	£293,000	£434,963	33% below HPI
1997 26 AUG	£112,000	£173,424	35% below HPI

FIG TREE COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Tunbridge Wells local authority area over time, sourced from the HPI. The three FIG TREE COTTAGE sales between August 1997 and February 2021 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the September 2004 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the February 2021 sale, where it falls to 50% below the HPI. The line then continues to track at 50% below the HPI.

How Large is FIG TREE COTTAGE?

FIG TREE COTTAGE is 97m², which includes two extensions, according to the EPC inspection conducted in August 2020. This puts it in the smallest 30% of detached houses in Cranbrook, based on EPC data. The below chart shows the distribution of detached houses by size in Cranbrook, and where FIG TREE COTTAGE lies on this distribution: 21% of detached houses are smaller than FIG TREE COTTAGE, and 78% of houses are larger. Note that EPC data is not available for all properties in Cranbrook.

FIG TREE COTTAGE: Plot and Title Map

FIG TREE COTTAGE sits on a plot of roughly 0.060 of an acre, or 244m². The below map shows the location of FIG TREE COTTAGE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of FIG TREE COTTAGE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is FIG TREE COTTAGE?

FIG TREE COTTAGE is located on HIGH STREET in CRANBROOK, in the TN17 postcode district. The below map shows the position of FIG TREE COTTAGE on HIGH STREET.